Market Overview

UPDATE: M Partners Reiterates Buy Rating, Raises PT on InterDigital on Strong Q4'12 Earnings

Related IDCC
6 Notable Stocks Trading Ex-Dividend Monday, October 10
Benzinga's Top Downgrades

In a report published Wednesday, M Partners reiterated its Buy rating on InterDigital (NASDAQ: IDCC), and raised its price target from $51.00 to $53.00.

M Partners noted, “A conference call was held on Thursday February 21st, and the company filed its 10-K report yesterday. After record Q3'12 earnings, driven by the windfall from the sale of patents for approximately $375M, we anticipate a very weak earnings quarter for Q4'12. The company beat our expectation by recognizing past infringement revenue associated with a new licensee.”

InterDigital closed on Tuesday at $44.81.

Latest Ratings for IDCC

Oct 2016Dougherty & Co.DowngradesBuyNeutral
Sep 2016B. RileyDowngradesBuyNeutral
Sep 2016BarclaysMaintainsEqual-Weight

View More Analyst Ratings for IDCC
View the Latest Analyst Ratings

Posted-In: M PartnersAnalyst Color Price Target Analyst Ratings


Related Articles (IDCC)

View Comments and Join the Discussion!